Zacks Research Analysts Increase Earnings Estimates for ON

ON Semiconductor Corporation (NASDAQ:ON) – Equities research analysts at Zacks Research raised their Q1 2027 earnings per share (EPS) estimates for ON Semiconductor in a report issued on Monday, November 24th. Zacks Research analyst Team now forecasts that the semiconductor company will earn $1.11 per share for the quarter, up from their previous forecast of $0.78. The consensus estimate for ON Semiconductor’s current full-year earnings is $2.60 per share. Zacks Research also issued estimates for ON Semiconductor’s Q2 2027 earnings at $1.30 EPS, Q3 2027 earnings at $1.50 EPS and FY2027 earnings at $5.96 EPS.

Other equities analysts also recently issued research reports about the stock. Cfra reissued a “buy” rating and issued a $64.00 target price on shares of ON Semiconductor in a research note on Tuesday, November 4th. Morgan Stanley raised their price objective on ON Semiconductor from $55.00 to $56.00 and gave the company an “equal weight” rating in a research report on Monday. TD Cowen upped their target price on ON Semiconductor from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Benchmark reiterated a “buy” rating on shares of ON Semiconductor in a research note on Tuesday, November 4th. Finally, JPMorgan Chase & Co. raised their target price on ON Semiconductor from $48.00 to $56.00 and gave the company a “neutral” rating in a report on Tuesday, August 5th. Fourteen equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $59.12.

ON Semiconductor Trading Up 2.8%

Shares of ON stock opened at $49.64 on Thursday. The company has a quick ratio of 3.37, a current ratio of 5.02 and a debt-to-equity ratio of 0.42. ON Semiconductor has a fifty-two week low of $31.04 and a fifty-two week high of $74.52. The firm’s 50 day moving average price is $49.69 and its two-hundred day moving average price is $50.65. The stock has a market cap of $19.97 billion, a price-to-earnings ratio of 46.39, a price-to-earnings-growth ratio of 2.58 and a beta of 1.56.

ON Semiconductor (NASDAQ:ON) last released its quarterly earnings data on Monday, November 3rd. The semiconductor company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.04. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.52 billion. ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.The company’s revenue was down 12.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 EPS. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Private Trust Co. NA grew its stake in ON Semiconductor by 72.8% during the 3rd quarter. Private Trust Co. NA now owns 522 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 220 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new position in shares of ON Semiconductor in the 2nd quarter valued at approximately $29,000. Deseret Mutual Benefit Administrators boosted its stake in shares of ON Semiconductor by 62.3% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 568 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 218 shares during the last quarter. Quent Capital LLC acquired a new stake in shares of ON Semiconductor during the third quarter worth approximately $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of ON Semiconductor by 68.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 577 shares of the semiconductor company’s stock worth $28,000 after buying an additional 235 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

ON Semiconductor announced that its board has initiated a stock repurchase plan on Tuesday, November 18th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to purchase up to 32.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

ON Semiconductor Company Profile

onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group.